Imajion Blog

Improving a mere 1% globally over the past 20 years, the construction industry is far behind the global average for productivity increases across the past several decades. Presently, the industry lags in productivity by about $1.6 trillion each year as compared with the global average.

With outcomes like improved safety, lowered labor costs, faster issue resolution, increase of quality and an improved customer experience, recent emerging technologies are changing the game for the construction industry.

As of 2017, 83% of firms say mobile capabilities are important or very important. Recent developments in mobile apps for construction can lead to reduced construction delays by enabling real-time information gathering at the job site. Mobile apps also streamline communication with owners and project stakeholders, reducing errors, and more quickly resolving issues.

The construction industry faces a number of serious challenges that, if not addressed, will hamper its growth and hurt the global economy as building demand increases. Many of these challenges are interrelated and don’t have an obvious solution. However, emerging technology offers a lot of promise to solve specific problems within the industry.

This blog overviews some of the top construction challenges today and exciting technology solutions aiming to address those problems.

The construction industry has lagged behind others in terms of
technology
,
and is currently the second least digitized sector in the U.S. (and one of the least digitized industries worldwide). This lack of technology adoption has nearly stagnated construction labor-productivity growth in the past 20 years. In fact, if the construction industry were to catch up with the rest of the world, it could add approximately $1.6 trillion to the global economy.

In recent years, however, the construction industry has seen something of a tech boom, with several emerging technologies offering huge benefits to the industry.